Leaders of the world’s largest economies hailed a recent agreement to overhaul global corporate tax rules as key to ensuring that multinationals pay their fair share of tax.
The October deal established a global minimum corporate tax rate of 15 percent aimed at curtailing profit-shifting to lower-tax jurisdictions such as Ireland, where many large international firms have their European headquarters.
“It will eliminate incentives to shift jobs and profits abroad,” US President Joe Biden said in early October.
Some companies could still use Ireland to reduce their tax bills even after the agreement takes effect, according to tax specialists and corporate filings.
That is
Some companies could still use Ireland to reduce their tax bills even after the agreement takes effect, according to tax specialists and a review of corporate filings.
Leaders of the worlds largest economies hailed a recent agreement to overhaul global corporate tax rules as key ensuring multinationals paid their fair share of tax.
Leaders of the world’s largest economies hailed a recent agreement to overhaul global corporate tax rules as key ensuring multinationals paid their fair share of tax. The October deal established a global minimum corporate tax rate of 15 per cent aimed at curtailing profit-shifting to lower-tax jurisdictions such as Ireland, where many large international firms have their
Leaders of the world’s largest economies hailed a recent agreement to overhaul global corporate tax rules as key ensuring multinationals paid their fair share of tax.